NOTE 05
EXPENSES
2014
$’000
Restated
2013
$’000
Depreciation
Buildings
879
723
Plant and equipment
166,187
152,976
Total depreciation
167,066
153,699
Amortisation
Computer software
1,626
1,567
Land rights
712
384
Other
3,773
2,201
Total amortisation
6,111
4,152
Total depreciation and amortisation expense
173,177
157,851
Employee benefits expense
Wages and salaries *
151,323
121,969
Workers compensation
3,088
2,070
Contributions to defined benefit plans
877
988
Total employee benefits expense
155,288
125,027
Finance costs
Financing costs
51,051
27,148
Finance lease interest
20
36
Net Finance Costs
51,071
27,184
* The increase in wages and salaries expenses includes the full year impact of structural changes to infrastructure
management and has an offsetting reduction in infrastructure maintenance expenses.
58
